Rafferty Asset Management LLC Buys 3,825 Shares of UFP Industries, Inc. (NASDAQ:UFPI)

Rafferty Asset Management LLC raised its position in UFP Industries, Inc. (NASDAQ:UFPI - Free Report) by 25.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,021 shares of the construction company's stock after purchasing an additional 3,825 shares during the period. Rafferty Asset Management LLC's holdings in UFP Industries were worth $2,143,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in UFP Industries by 7.1% in the fourth quarter. FMR LLC now owns 1,751,264 shares of the construction company's stock worth $197,280,000 after buying an additional 115,687 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in UFP Industries by 39.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,546,745 shares of the construction company's stock worth $174,241,000 after purchasing an additional 435,155 shares during the period. Franklin Resources Inc. boosted its position in UFP Industries by 5.0% during the fourth quarter. Franklin Resources Inc. now owns 1,287,833 shares of the construction company's stock worth $145,074,000 after purchasing an additional 61,861 shares during the period. Northern Trust Corp boosted its position in UFP Industries by 9.7% during the fourth quarter. Northern Trust Corp now owns 1,111,147 shares of the construction company's stock worth $125,171,000 after purchasing an additional 98,533 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in UFP Industries by 3.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 919,018 shares of the construction company's stock worth $102,158,000 after purchasing an additional 31,381 shares during the period. Institutional investors and hedge funds own 81.81% of the company's stock.

UFP Industries Price Performance

Shares of UFP Industries stock traded down $1.34 during trading on Friday, reaching $96.35. The company's stock had a trading volume of 435,199 shares, compared to its average volume of 346,892. The stock has a 50-day moving average price of $104.02 and a two-hundred day moving average price of $113.60. The company has a current ratio of 4.88, a quick ratio of 3.25 and a debt-to-equity ratio of 0.07. UFP Industries, Inc. has a one year low of $95.90 and a one year high of $141.33. The stock has a market capitalization of $5.82 billion, a P/E ratio of 14.23 and a beta of 1.54.

UFP Industries (NASDAQ:UFPI - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The construction company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.57 by ($0.27). UFP Industries had a net margin of 6.23% and a return on equity of 13.24%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.61 billion. During the same period in the prior year, the firm earned $1.96 earnings per share. The business's quarterly revenue was down 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that UFP Industries, Inc. will post 7.08 EPS for the current fiscal year.

UFP Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.35 dividend. The ex-dividend date is Monday, June 2nd. This represents a $1.40 dividend on an annualized basis and a yield of 1.45%. UFP Industries's payout ratio is 22.91%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UFPI. Benchmark reissued a "buy" rating and issued a $135.00 price objective on shares of UFP Industries in a research report on Wednesday, February 19th. Wall Street Zen cut UFP Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $143.00.

UFP Industries Company Profile

UFP Industries, Inc, through its subsidiaries, designs, manufactures, and markets wood and non-wood composites, and other materials in North America, Europe, Asia, and Australia. It operates through Retail, Packaging, and Construction segments. The Retail segment offers treated lumber products, including decking, fencing, lattice, and other products; pressure-treated and fire-retardant products used primarily for outdoor decking environments; and lawn and garden products, consisting of wood and vinyl fencing options, garden beds and planters, pergolas, picnic tables, and other landscaping products.